James Wolfensohn (pictured above at the annual meeting of the IMF-World Bank) said earlier this week: ''Money saved now for domestic purposes will lead to huge costs later. It is in the donor's own self-interest to maintain an adequate level of support."
But he also wanted to create a "results culture", he said. "We must focus on our clients and results and break the armlock that, I sense, bureaucracy has placed on this institution. If we do that then we will create a more profound change than any structural reorganisation," he said.
Mr Wolfensohn went on: "I have learned that the real test of development can be measured not by the bureaucratic approval process but by the smile on a child's face when a project is successful."
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